aaah sorry, i went back and reread a previous one - the companies are accepting AIY stock in exchange for AIY taking a % stake in their companies?
But even so, in the case of the Encounter minerals offer of $7,000,000 cash or 23,000,000 AIY shares at $0.30 per share, if they took the cash they could immediately buy about 90,000,000 AIY shares at today's prices. And that $7,000,000 will buy close to 60,000,000 AIY shares if they're around $0.12 per share in May if the deal goes through?
There's obviously a lot I don't understand here
- Forums
- ASX - By Stock
- AIY
- AIM-AMBIENT-AIY——-did I just read this right?!!!!
AIM-AMBIENT-AIY——-did I just read this right?!!!!, page-7
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